For Business | Legislation update
New FSA Rule Changes
COVID relief is now available. But benefits teams will need to act quickly.
REGISTER YOUR PLAN CHANGES IN JUST FIVE MINUTES
Check the box on a few simple questions and we’ll update your plan and member accounts.Register plan changes now
The new Consolidated Appropriations Act, 2021 (commonly called the COVID Relief Bill) allows employers to increase carryover amounts and extend grace periods for dependent care and healthcare flexible spending accounts. In addition, organizations may allow election changes without regard to change in status rules (annual limits still apply).
See the full regulatory update here.
Benefits leaders will need to act
quickly to help those who:
Didn’t enroll during annual enrollment because of pandemic uncertainty.
Haven’t used remaining FSA and DCFSA funds.
Risk spending down accounts frivolously to avoid forfeiting funds.
Went without childcare.
Deferred medical, dental or other care.
Notify your people
The faster you get communications to your organization, the sooner you can provide relief in challenging times.
Use our email template to communicate your plan changes.Download template
Register your plan changes now
Take five minutes to answer a few simple questions. Whether you need to extend your grace period or expand carryover, we'll capture your submissions and update your plan accordingly.Get started